Socialist screw up in Venezuela continues as they can't even refine oil they have in ground
AP/Fuel Fix:
President Nicolás Maduro said Wednesday he's appointed a team of specialists to consider whether the price of the world's cheapest gasoline in Venezuela should rise for drivers in the crisis-stricken nation.Socialism is one of the worst systems in the world, but it is even worse when managed by incompetent people like Maduro and surrounding him. He needs AOC and her fellow travelers to go show him how he is doing socialism wrong. (Note the sarcasm.)
Venezuela boasts the world's largest underground oil reserves, but it has been forced to buy fuel from Iran to bridge deep shortages, unable to pump crude from the ground and turn it into gasoline.
Fuel shortages have plagued the socialist nation for years, which costs less than a penny a gallon, but scarcity recently has even hit the capital of Caracas, sparking mile-long lines at filling stations that last for days.
“The gasoline that we have brought from abroad, from Iran and other countries, we have paid for in dollars," Maduro said. "Many people have suggested to me, and I agree, that gasoline must come at a price.”
Maduro often accuses U.S. sanctions aimed at forcing him from power for chronic shortages and most other domestic troubles, while critics of the socialist government blame years of corruption and mismanagement that's destroyed its oil industry.
Recent shortages have sparked a black market in Caracas among wealthy residents who have dollars and don't want to wait in line, spending up to $10 a gallon — making it among the world's most expensive gasoline.
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